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Gallagher's Survey Underscores Integrated Risk Management for Business Owners

In a rapidly evolving business landscape, the fourth annual Business Owners Survey conducted by Gallagher sheds light on the increasing necessity for integrated approaches to risk management. Surveying 1,000 U.S. business owners, the findings indicate heightened concerns related to various risks including artificial intelligence (AI), supply chain disruptions, and severe weather events.

As pressures mount, a notable 76% of surveyed business owners report losing sleep over these concerns, revealing the psychological weight associated with managing a business today. With the overwhelming majority—94%—voicing worries that their current business insurance may inadequately cover specific events, it’s clear that the need for robust risk management strategies has never been more critical.

Concerns Over Artificial Intelligence

Among the various challenges, AI emerges as a double-edged sword; it is perceived as both a potential growth driver and a budding risk. An alarming 89% of business owners express some level of concern regarding AI’s implications for their operations. This has prompted calls for stronger safeguards, with 95% advocating for more stringent regulations and 94% favoring enhanced protections against misuse.

In a proactive response, nearly half (47%) of the business owners surveyed plan to increase their investments in AI this year, demonstrating an intention to leverage AI not just for growth but also as a critical element of their risk management strategy. Notably, 38% of organizations investing in AI are deploying it for risk assessment and analysis, while 36% utilize it for risk mitigation within their existing insurance frameworks.

Cybersecurity Risks Take Center Stage

Cybersecurity remains an omnipresent concern, with 68% of respondents articulating fears that cyberattacks could significantly impact their businesses. A striking 44% of these leaders show a willingness to acquire or expand insurance coverage specifically aimed at protecting against cyber threats, reflecting a transition from viewing cyber risks as emerging threats to recognizing them as core vulnerabilities.

Supply Chain Disruptions Become the Norm

As global trade uncertainties and supply chain disruptions continue to escalate, they have increasingly become a standard operating challenge rather than an episodic threat. A noteworthy 63% of business owners anticipate that supply chain disruptions will affect their operations in the upcoming year. In response, 61% have initiated contingency plans by establishing alternative supplier networks, underscoring a shift towards operational redundancy and continuity planning.

Weather-Related Risks Highlight Coverage Gaps

Severe weather risks remain a pressing concern, with 53% of business owners identifying flooding as a top threat. Despite the clear recognition of these risks, only 30% report having flood insurance coverage, thereby highlighting substantial gaps in risk preparedness. As severe storms, extreme temperatures, and other climate-related issues intensify, business owners are taking steps to bolster their defenses, with 27% either having reinforced or planning to reinforce their property infrastructures in response to past weather-related claims.

Bridging the Gap Between Risk and Protection

These revelations illustrate a transformative shift in how business owners approach risk management. J. Patrick Gallagher, Jr., Chairman and CEO of Gallagher, notes, "We are witnessing a fundamental change in how risk management is perceived, evolving into a critical business consideration that informs operational strategy, investments, and growth initiatives." He emphasizes the importance of collaborating with the right risk management partners to effectively identify and mitigate exposures, ultimately fostering a more resilient business environment.

In conclusion, as businesses navigate an increasingly complex risk landscape, the insights from Gallagher's survey underscore the urgency for integrated risk management practices. With a collective move towards proactive strategies, business owners are better positioned to face the myriad challenges of today’s dynamic market.

To access the full survey findings, visit Gallagher's official site.

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Methodology

The survey was executed between January 29 and February 10, 2026, by Wakefield Research, targeting a diverse range of 1,000 U.S. business owners through online questionnaires. The sample included various business types, scales, and revenue levels, allowing for a comprehensive understanding of contemporary business challenges and attitudes toward risk management.

Gallagher continues to stand as a leading force in insurance brokerage, risk management, and consulting services, steadfast in helping businesses navigate the complexities of risk in their respective industries. With more than 72,000 professionals worldwide, Gallagher is committed to fostering a culture of resilience and success.